Bit Digital increases hash rate in November
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Bit Digital Inc (NASDAQ:BTBT) reported increased hash rate and significant digital asset holdings in November 2024, with $4.3 million in GPU cloud revenue.
December 05, 2024 | 10:15 pm
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Bit Digital Inc increased its hash rate in November 2024, holding significant Bitcoin and Ethereum assets, and generated $4.3 million in GPU cloud revenue.
The increase in hash rate and substantial holdings in Bitcoin and Ethereum suggest strong operational performance. The $4.3 million GPU cloud revenue indicates successful diversification into AI-related services, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100